I have substantial investments in the stock market through Zerodha. It has been quite a happy experience with them so far.
Additionally, I have invested in different equity and debt mutual funds through Zerodha Coin, heavily. However, here I have always felt that their cut-off time of 1.30 PM is too early for the day. Often, the trend of the stock market changes after 2.30 PM, so investing by 1.30 PM is almost like a blind investment. If the cut off time is at 3 PM, you have a clear idea whether you wanna buy mutual fund that day or not (with all due respect to SIP supporters,the point here is about lump-sum investors only).
So far, I was trying to work around this issue with some hassle. But now, many of my friends are moving from Zerodha to a new mutual fund investment platform named “GROWW”. There, the cut off time is at 3 PM for equity mutual funds and the other facilities are same. They also have some additional features such as, star rating and pros/cons of funds which is useful. My friends now strongly recommend this app only for mutual funds.
This has put me in a fix. Transferring all of my investments in mutual funds from Zerodha to GROWW would be a hassle. Zerodha is quite familiar for me, so bit of inertia is also there. Yet, the 3 PM Cut Off Time is quite attractive and would be a big help.
Therefore, would you people please give some pointers to help me make a decision on this? Should I move to GROWW or stay put in Zerodha? Are the Zerodha owners thinking of increasing the cut off time to at least 2.30 PM by any chance?
Thanks and regards